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Arafura Resources' latest pilot plant results are 'very significant and quite unique'

Arafura Resources Ltd (ASX:ARU) CEO Gavin Lockyer updates Proactive Investors on flowsheet development, following news that a phase 6 pilot plant successfully extracted low-value, high-volume cerium from rare earth hydroxide to produce rare earth chloride.

This week the company raised over $3 million in an oversubscribed share purchase plan (SPP). That cash will be used to advance a definitive feasibility study (DFS) on the Nolans Neodymium Praseodymium (NdPr) Project in the Northern Territory.

Quick facts: Arafura Resources Ltd

Price: 0.09 AUD

ASX:ARU
Market: ASX
Market Cap: $94.94 m
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Full interview: Arafura Resources seeks to extend mine life beyond 23 years...

Arafura Resources Limited (ASX:ARU) managing director Gavin Lockyer updates Proactive on the start of new drilling and metallurgical programs to extend the company’s 100%-owned, Nolans Neodymium-Praseodymium (NdPr) Project in the Northern Territory, beyond the 23 years envisaged in its...

on 1/10/19

2 min read